Gift Of Music Foundation
- Assets
- $165.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-6301478
Organization Overview
Gift Of Music Foundation is located in Nashville, TN. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift Of Music Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Allen President | 2 | $0 | |
Christine Allen Deceased 4319 Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,253 |
| Total operating and administrative expenses | $7,853 |
| Contributions, gifts, grants paid | $1,067 |
| Total expenses and disbursements | $8,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,341 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $69,551 |
| Other assets | $0 |
| Total assets | $165,892 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gift Of Music Foundation has awarded $11,950 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE TO YOU PURPOSE: DONATED TO THE GENERAL FUND | $1,000 |
GOODWILL INDUSTRIES OF MIDDLE TENNESSEE PURPOSE: DONATED TO THE GENERAL FUND | $50 |
BOXER RESCUE PURPOSE: DONATED TO THE GENERAL FUND | $50 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: TO SUPPORT ACCOMMODATIONS FOR FAMILIES AND CHILDREN WITH LIFE THREATENING DISEASES | $1,000 |
MAKE A WISH FOUNDATION PURPOSE: TO BENEFIT MUSIC PROGRAMS OF THE ORGANIZATION | $500 |
THE SALVATION ARMY PURPOSE: TO BENEFIT MUSIC PROGRAMS OF THE ORGANIZATION | $500 |